HEAT WORKS
ActiveSummary
HEAT WORKS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,783 and a net result of €30,949. Equity has been growing by about 22% per year since 2023. Its solvency ranks better than 25% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 01-10-2021 Normal situation
- Registered office
- 290 active companies are registered at this address 62 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- General electrical installation work NACE 43211and 3 others
- Establishment unit
- 2.323.889.277 1800 Vilvoorde, since 01-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 09-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €72,498
- ▲ 36.8%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €30,949
- ▲ 902%
- Equity
- €109,783
- ▲ 39.3%
- Total assets
- €466,436
- ▲ 15.3%
- 2025 accounts filed 44 days after the deadline
Score breakdownraises riskLast filed accounts filed 44 days late; 3 of the last 3 accounts lateFounded in 2021Equity €109,783 (23.5% of total assets)lowers riskLiquidity: current ratio 1.28, cash €280,292Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 25% of them on solvency, 56% on liquidity, 53% on profitability and 79% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 49 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Larger balance sheet than 85% of companies in specialised constructionsector median €139,569 · 34,958 companies €466,436 View
Recent changes
- · Gazette deed Registered office moved to ZaventemNew seat: Excelsiorlaan 71, 1930 Zaventem
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as HEAT WORKS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €421,000 and €473,000, founded between 2020 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| HEAT WORKS Zaventem | €466,436 | €72,498 |
| Inter PC Morlanwelz | €472,822 | €71,143 |
| Pro-service Technics Ranst | €465,969 | €69,528 |
| ALL 4 LIVING Lichtervelde | €460,855 | €75,828 |
| Elektrotechnik Christophe SCHMETZ Büllingen | €421,145 | €79,298 |
| LANOYE TECHNICS Poperinge | €451,703 | €73,462 |
| BVolt Wevelgem | €465,281 | €80,720 |
Key facts about HEAT WORKS
- What is the company number of HEAT WORKS?
- The company number of HEAT WORKS is 0774.893.111. The VAT number is the same number with BE in front: BE 0774.893.111.
- Where is HEAT WORKS based?
- The registered office is at Excelsiorlaan 71, 1930 Zaventem.Company details
- What does HEAT WORKS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of HEAT WORKS?
- The legal form of HEAT WORKS is Private limited company (BV).
- When was HEAT WORKS founded?
- HEAT WORKS was founded on 01-10-2021.
- Is HEAT WORKS still active?
- Yes, HEAT WORKS is an active enterprise in the KBO register.
- What is the turnover of HEAT WORKS?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €72,498 and 40 comparable companies (NACE 43211). It probably lies between €170,000 and €450,000.Financials
- Is HEAT WORKS profitable?
- In financial year 2025, HEAT WORKS made a profit of €30,949.
- Where can I find the annual accounts of HEAT WORKS?
- HEAT WORKS filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEAT WORKS due?
- HEAT WORKS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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